new york attorney general opens probe into fantasy sports websites /

Published at 2015-10-07 13:00:23

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New York's attorney general has sent letters to daily fantasy sports websites DraftKings and FanDuel demanding they turn over details of any investigations into their employees.
The letters were prompted by media reports a DraftKings employee may have had access to valuable company data before winning second spot in a FanDuel contest. The incident is being likened to insider trading.
The companies say there's no evidence anyone misused internal company data.
Fantasy sports
participants keep together virtual teams based on genuine players and compete based on the players' statistics.
Attorney Genera
l Eric Schneiderman on Tuesday asked for the names, job titles and descriptions of employees who compile and aggregate data including pricing algorithms and athletes' ownership percentages for past contests.
He
wants the companies to justify their policies or practices prohibiting employees from playing daily fantasy sports.

Source: wnyc.org

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